Grace House Ministries Incorporated
- Assets
- $2.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 66
- Location
- Fairfield, AL
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 57-0903169
Organization Overview
Grace House Ministries Incorporated is located in Fairfield, AL. The organization was established in 1990. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2022, Grace House Ministries Incorporated employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grace House Ministries Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Grace House Ministries Incorporated generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 8.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A STABLE CHRISTIAN HOME FOR GIRLS FROM CRISIS BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CARE OF ABUSED AND NEGLECTED GIRLS THROUGH THE PURCHASE, RENOVATION, AND OPERATION OF GROUP HOMES, THEREBY PROVIDING A STABLE, CHRISTIAN HOME.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boylan Russell Board Member | Trustee | 1 | $0 |
Brown III J David Board Member | Trustee | 1 | $0 |
Christian Ed Board Member | Trustee | 1 | $0 |
Corey April Board Member | Trustee | 1 | $0 |
Floyd Cathy Board Member | Trustee | 1 | $0 |
Hancock Mark Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,066,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,357,473 |
| Total Program Service Revenue | $852,222 |
| Investment income | $1,652 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $231,555 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,442,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $87,574 |
| Compensation of current officers, directors, key employees. | $26,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,036,727 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $115,671 |
| Payroll taxes | $89,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $3,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,610 |
| Advertising and promotion | $0 |
| Office expenses | $31,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $26,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,830 |
| Insurance | $68,072 |
| All other expenses | $26,489 |
| Total functional expenses | $2,299,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $370,082 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,796,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,338 |
| Total assets | $2,272,111 |
| Accounts payable and accrued expenses | $23,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,697 |
| Total liabilities | $109,597 |
| Net assets without donor restrictions | $1,588,595 |
| Net assets with donor restrictions | $573,919 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,272,111 |